Jonathan O'Brien @jonobri.com · May 12 The changes to CGT and Negative Gearing are good tax policy—but they’re not a meaningful housing policy. All available research tells us these policies explain less than 5% of house prices. But the new Local Infrastructure Fund is a juicy $2 billion carrot.
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There should be two tiers (until we become a socialist utopia). Investment “luxury” houses and regular “living” houses. The living houses are just what most people would call a house/apartment. The luxury houses are self explanatory.
That carrot has been dangled in front of states and councils, available only on the condition that they reform their byzantine planning systems—and get rid of the unjust and unjustifiable rules that make it illegal to build homes across our nation’s towns and cities alike.